Today ledger hardware wallet are like super secure mini vaults for your crypto. They keep your crypto safe offline, making hacking way harder. Think of it like a USB stick for your crypto, but way more secure! They cost more than phone apps (software wallets), but for serious crypto holders, the extra safety is worth it.
Your crypto wallet address is like your email for crypto. Anyone can send you crypto there (like sending an email), but they can't steal it without your super secret password.
Let's summarize the main difference between a coin and a token:
Coins: Think of them as independent currencies. They have their own blockchain, like Bitcoin (BTC) on the Bitcoin blockchain or Ethereum (ETH) on the Ethereum blockchain. These coins can be used for general purposes like payments or storing value.
Tokens: Imagine them as applications built on top of existing blockchains. They don't have their own blockchain, but instead leverage an existing one (often Ethereum) to function. Tokens serve specific purposes within a project, like granting access to a service or voting rights.
Today ledger hardware wallet are like super secure mini vaults for your crypto. They keep your crypto safe offline, making hacking way harder. Think of it like a USB stick for your crypto, but way more secure! They cost more than phone apps (software wallets), but for serious crypto holders, the extra safety is worth it.
Your crypto wallet address is like your email for crypto. Anyone can send you crypto there (like sending an email), but they can't steal it without your super secret password.
Let's summarize the main difference between a coin and a token:
Coins: Think of them as independent currencies. They have their own blockchain, like Bitcoin (BTC) on the Bitcoin blockchain or Ethereum (ETH) on the Ethereum blockchain. These coins can be used for general purposes like payments or storing value.
Tokens: Imagine them as applications built on top of existing blockchains. They don't have their own blockchain, but instead leverage an existing one (often Ethereum) to function. Tokens serve specific purposes within a project, like granting access to a service or voting rights.